Roku Shares Fall Sharply Again On Q3 Losses, Ongoing Sluggishness In Ad Revenue
deadline.comRoku saw its user base growth rate rebound and total revenue soar well ahead of Wall Street expectations in the third quarter, but investors nevertheless are hammering the stock due to other, less auspicious trends.
Shares slipped as much as 20%, falling below $45, after the company reported its third-quarter results. The loss per share reached 88 cents, compared with a profit of 48 cents in the year-ago period, and revenue climbed 12% gain to $761 million.
The number of active accounts hit 65.4 million, up 2.3 million from the prior quarter — the healthiest growth rate in nearly a year.
The overall perspective from the major streaming provider was mixed for the near term, reflecting the broader anxiety among all digital ad sellers who have suddenly been hit with a pullback by buyers.
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